Is Katy Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Katy Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Katy Township was a Seller's Market.

Key Takeaway

Katy Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Katy Township, MO

How much do homes in Katy Township, MO cost?

Median Sold Price

$319,950

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,050(-3.0%)

Key Takeaway

Homes in Katy Township have sold for 3% less than they did a year ago.

Summary: The median home sold price in Katy Township was $319,950 in October 2024, down 3% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $112.5K$139.9K
+24.4%
2 $356.2K$150K
-57.9%
3 $259K$295K
+13.9%
4 $352.5K$394K
+11.8%
5+ $460K$487.4K
+6.0%

Summary: Katy Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes decreased by 57.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Columbia
+3.9%
Missouri Township
+1.6%
Katy Township
-3.0%

Housing Supply in Katy Township, MO

How many homes are available in Katy Township, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
18180.0%

Summary: The Katy Township real estate market had 18 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 54
-20.0%
4 55
0.0%
5+ 66
0.0%

Summary: The Katy Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Katy Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Katy Township in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Katy Township, MO

How long does it take to sell a home in Katy Township, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days3 Days-94.9%

Summary: Homes in Katy Township had an average of 3 days on market in Oct 2024, down by 94.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Katy Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Katy Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Katy Township, MO

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What housing markets are near Katy Township, MO?